03/09/09: Got stuck working today...missed a GREAT (geez) set-up short in the noon hour. That's all part of trading: Total P/L -196.03 1 trade 1 loss
03/10/09: Tues a.m. The market is due for a bounce, but gapping up this morning, so I will be open to going long and short. Short watch ADSK: daily basing at the low Long watch AMGN CSCO: both oversold on daily charts SPY, DIA daily charts look poised for a bounce, but the long setups have been getting slammed so I will play them very cautiously.
03/10/09: I got caught up at work and couldn't post results for the trades during the day, so here it goes... OIH: Got within .05 (70.60) of target, then reversed hard when market made it's second move. Stopped 71.36 P/L -215.20 SPY: On the first bounce it got with in .05 of target(.31) then came all the way back down to entry area. Since I was in a short and long I held them both, this one went to the target of .36. P/L +398.10 DIA: Broke low for a few minutes, but market was just way too strong, stopped at .72 P/L -212.02 AAPL: Also got within .04 of tgt(87.51), then reversed. I continued to hold this one and it broke down once more, but this time only to 87.61, so the next rally I moved stop to b/e. P/L-16.14 So when all was said and done: Total P/L -45.26 4 trades 1win 2 losses 1 B/E Had 3 trades within .05 of tgt. If all 3 hit , would have been a +1000 day. That's trading!!!!
03/11/09 Wed a.m.: If the market wants to hold this move up on the daily charts, it needs to either "rest" a few days, or make another strong move up today. I'm going in with the bias that today will be a resting day, so I will try to "fade" big moves and short weak stocks and buy strong stocks intraday. SPLS on short watch at 1st reversal time (or weakness in the market)